Search Results for "Exorbitant Interest"

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Supreme Court Upholds Enhanced Share Valuation, Awards Interest at 6% Pre-Decree and 9% Post-Decree in Decades-Old Dispute. Balancing Equity and Commercial Realities: SC Modifies Interest Rates in Rajasthan State Mines Share Acquisition Case

Valuation of Shares – The Supreme Court affirmed the High Court’s valuation of shares at ₹640 per share, rejecting the State’s objections. Th...

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Bombay High Court Upholds Lease Rent Revision Based on Ready Reckoner Rates for Housing Societies in Bandra. Court holds that linkage of lease rent to land value is not per se prohibited and the Government Resolutions of 2006, 2012, and 2018 are constitutionally valid.

The Bombay High Court, in a batch of writ petitions, upheld the constitutional validity of Government Resolutions (GRs) dated 29th May 2006, 12th Dece...

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High Court of Karnataka Quashes Charge Sheet in Money Lending Dispute Due to Civil Nature of Transaction. Sections 384, 420, 506 IPC Not Attracted as Dispute Pertains to Loan Repayment and Not Criminal Extortion or Cheating.

The petitioner, Sathish Kumar S, filed a criminal petition under Section 482 of the Code of Criminal Procedure, 1973 (Cr.P.C.) before the High Court o...

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High Court of Karnataka Dismisses NWKRTC Appeal in Motor Accident Claim — Upholds Compensation for Death and Injuries. Claimants awarded Rs.11,98,936/- for death and Rs.1,66,000/- for injuries with 8% interest.

The case involves three appeals arising from motor accident claims. The appellant, Managing Director of NWKRTC (North West Karnataka Road Transport Co...

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High Court of Karnataka Dismisses Insurance Company's Appeal and Allows Cross-Objection for Enhanced Compensation in Motor Accident Claim — Negligence of Driver Proved, No Contributory Negligence by Deceased, and Claimants Entitled to Higher Compensation Under Motor Vehicles Act, 1988.

The case arises from a motor accident that occurred on 18.06.2015 at about 9.30 p.m. near Jafarwadi village, Belagavi. The deceased, one Manjunath, wa...